2. Ollie, Paul, and Quincy formed an equal general partnership. The partnership agreement provided that, upon liquidation, all partners must restore a negative capital account. Ollie and Paul each contributed $30,000 cash. Quincy contributed land with a basis of $60,000 that he had held for investment purposes for more than one year. The land had a fair market value of $60,000 and was subject to a $30,000 recourse liability, which the partnership assumed